World prices have traditionally been unstable, however, the authors'find thehe much publicized turbulence in world markets in the mid-1970's and early 1980's to have been more a statistical fluke - an unlucky chance sample - than the beginning of any longer term increase in market instability....

Many agricultural regions in the developing world are subject to severe droughts, which can have devastating effects on household incomes and consumption, especially for the poor. To protect consumption, rural households engage in many different risk management strategies - some mainly...

This study explicity considers the possibilities of international trade in evaluating the impact of incentives in agriculture. Specifically, the study estimates three standard coefficients (ratios): (a) the nominal protection coefficient (NPC); (b) the effective protection coefficient (EPC); and...

In July 1991, India embarked on a program of economic decontrol that greatly speeded the previously slow process of liberalizing trade and domestic regulatory controls begun in 1978. But the focus of reform has been on manufacturing. Reform has barely touched agriculture, which accounts for...